The Cambridge Building Society is reducing rates on three of its current mortgage products in its residential range and is launching a new three year fixed rate product for intermediaries.
This refresh also sees fees being cut and a new 85 per cent tier being added to all of the products, giving intermediaries and their customers more choice.
The key changes include:
- Launch of 3 year fixed rate with low fees and free standard legal fees and valuations for remortgages
– 3.29% at 75% LTV
– 3.39% at 80% LTV
– 3.89% at 85% LTV
– 4.59% at 90% LTV
- Interest rates reduced by up to 0.30% across our 2 Year Fixed, 5 year Fixed Rate and 2 Year Discount products
- Reduced fees on the 2 Year Fixed Rate and 5 Year Fixed Rate mortgages
- A new 85% tier added to 2, 3, 5 Year Fixed Rate and 2 Year Discount products
- Free standard legal fees and valuations on remortgages onto 5 Year Fixed Rate
Andy Lucas, Commercial Director at The Cambridge says: “We continually look at our product range to see what improvements can be made. After launching a range of new products into the intermediary market in October, we’re confident these additional changes backed up by our award-winning service, provide extra support to Intermediaries in meeting their customers’ needs.”
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